West Bancorporation, Inc. (NASDAQ:WTBA) is Legacy Bridge LLC’s 3rd Largest Position

Legacy Bridge LLC lowered its stake in West Bancorporation, Inc. (NASDAQ:WTBA) by 9.1% in the 4th quarter, HoldingsChannel reports. The fund owned 266,001 shares of the financial services provider’s stock after selling 26,575 shares during the period. West Bancorporation accounts for approximately 3.0% of Legacy Bridge LLC’s holdings, making the stock its 3rd largest holding. Legacy Bridge LLC’s holdings in West Bancorporation were worth $5,759,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in WTBA. SG Americas Securities LLC purchased a new stake in shares of West Bancorporation in the third quarter worth approximately $114,000. City State Bank boosted its position in West Bancorporation by 6.4% during the 4th quarter. City State Bank now owns 8,354 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 499 shares in the last quarter. Barclays PLC raised its holdings in West Bancorporation by 291.2% in the third quarter. Barclays PLC now owns 20,977 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 15,615 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in West Bancorporation by 267.5% in the third quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 18,885 shares during the last quarter. Finally, Mutual Advisors LLC increased its position in shares of West Bancorporation by 2.6% during the fourth quarter. Mutual Advisors LLC now owns 28,176 shares of the financial services provider’s stock worth $594,000 after purchasing an additional 713 shares in the last quarter. 44.30% of the stock is owned by institutional investors.

West Bancorporation Stock Up 2.1 %

West Bancorporation stock opened at $21.91 on Tuesday. West Bancorporation, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $24.85. The company has a market cap of $368.75 million, a PE ratio of 17.12 and a beta of 0.98. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50-day simple moving average is $22.45 and its two-hundred day simple moving average is $20.87.

West Bancorporation (NASDAQ:WTBA) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. West Bancorporation had a net margin of 11.17% and a return on equity of 9.46%. During the same period in the prior year, the company posted $0.27 EPS. Equities analysts anticipate that West Bancorporation, Inc. will post 1.4 EPS for the current year.

West Bancorporation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.56%. West Bancorporation’s payout ratio is 78.13%.

Analyst Ratings Changes

Several research analysts recently issued reports on WTBA shares. StockNews.com raised West Bancorporation from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. Piper Sandler decreased their price objective on shares of West Bancorporation from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday.

Insiders Place Their Bets

In related news, Director Douglas R. Gulling sold 4,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $23.61, for a total transaction of $94,440.00. Following the completion of the transaction, the director now owns 80,709 shares in the company, valued at $1,905,539.49. This represents a 4.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.48% of the company’s stock.

West Bancorporation Company Profile

West Bancorporation, Inc operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.